Reddit Electra ECA Mining

Reddit Electra ECA Mining

Posted on 12/18/2017by admin

[ANN][ECA] Electra ⚡. Cloud Mining. Get price, charts, news, exchanges and detailed analysis for Electra (ECA). All metrics are updated by minute to minute, as they happen. May 23, 2016 - In January 2016, one Reddit user posted his experience after being scammed out of some bitcoins after accidentally using a fake website that imitated the. Bitcoin mining group scams, on the other hand, operate by offering investors the chance to 'mine' bitcoins without dealing with the hardware and.

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Reddit Electra ECA Mining

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Topic: [ANN][ECA] Electra ⚡ POW. But the reddit Electra logo looks. Free BTX claiming for BTC holders + weekly airdrops + GPU mining.

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Monthly Top 10 Market Cap Subreddits Home Subreddits Related Crypto Subreddits Related Tech Subreddits IRC News • • • • • • • Exchanges • • • • • • • • • • • • Mining • • • • • Resources & Tools • • • • • • • • • Our Subreddit Friends • • • •. I have heard many people shilling this coin (Electra, ECA) recently, both here and on /biz/.

It claims to be faster than XRB with low fees (but XRB has no fees). People who are looking for the next XRB should not trust this coin. I discovered it because someone PM’d me asking about it recently. This was my response: “I did some research into this Electra cryptocurrency, and it seems very shady, sadly. The immediate red flag is that there is no whitepaper.

This is unacceptable for a project like this. It means that either they were too lazy to write one, or the technology is not different enough from existing cryptocurrencies.

I also looked at the blockchain (a standard blockchain, not a DAG, block lattice or other generalized graph) and saw that the average block time is five minutes. This is twice as slow as Litecoin! So I cannot understand where all the claims of instant transactions are coming from, because the coin does not have the technology to do this. A standard blockchain does not seem to be able to achieve instant transactions, especially not with 5 minute block times. Perhaps these claims of speed come from the wallet allowing spending of unconfirmed transactions. And the last thing - they used a split PoW/PoS structure, but inexplicably decided to have 95% of the PoW stage mined in 24 hours, a few days after launch. This is very suspect, and seems like an attempt to mine up all of the coins early.

Finally, it promises 50% staking rewards per year. This amount of interest is close to BitConnect and will lead to runaway inflation. Steer clear of this coin.” • • • • •.

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